As brands rush to tell consumers about what electric vehicles can offer, Ford Motor Co. is trying to bring the “frunk” into the cultural lexicon. Frunk is slang for front trunk, or the empty space in the front hood where the gas-powered cars keep the engine. EVs don’t use internal combustion engines, freeing the space
Month: May 2022
10:30 AM ET It’s been hard to find Kevin Magnussen without a big smile on his face since he made his sensational return to Formula One in March. The story of his comeback has been well told now. He was preparing for a family holiday in Miami with wife Louise and baby daughter Laura, having
DETROIT — The 2023 GMC Yukon will be the brand’s second nameplate to get the ultra-high-end Denali Ultimate trim, as average transaction prices continue to rise across the industry. The Yukon Denali Ultimate is slated to go on sale this fall, GMC said in a statement Tuesday. The brand did not disclose pricing for the
FRANKFURT/MILAN — Stellantis has agreed to buy the Share Now car-sharing business from BMW and Mercedes-Benz as the two German automakers focus on the software part of their mobility alliance. Stellantis wants to position itself as a global leader in car-sharing, using this step announced on Tuesday to expand its existing business in the area.
U.S. President Joe Biden gestures after driving a Hummer EV during a tour at the General Motors ‘Factory ZERO’ electric vehicle assembly plant in Detroit, Michigan, November 17, 2021. Jonathan Ernst | Reuters The Biden administration announced on Monday that it will provide $3.1 billion in funding to support efforts to make electric vehicle batteries
Tesla has decided to cancel any employee bonuses tied to its quarterly delivery quotas. The automaker is also raising base salaries for sales and delivery employees to compensate for the bonuses going away. However, it looks like it will result in an overall reduction in compensation for most of those Tesla employees. Tesla famously uses
FRANKFURT — BMW and Mercedes-Benz are selling their car-sharing joint venture Share Now to Stellantis for an undisclosed sum, they said on Tuesday. The sale follows Share Now’s retreat from the North American car-sharing market in 2019 in response to high maintenance costs and what the companies then described as the “volatile state of the
3:59 PM ET Associated Press LEEDS, Ala. — Pato O’Ward made a conscious decision to stop worrying about his IndyCar contract and Formula One aspirations and focus on his current job. The effort first earned him a pending contract extension, and on Sunday, O’Ward picked up his first win of the IndyCar season. The popular
Elon Musk is in talks with large investment firms and high net-worth individuals about taking on more financing for his $44 billion acquisition of Twitter Inc TWTR.N and tying up less of his wealth in the deal, people familiar with the matter told Reuters. The banks that agreed last month to provide $13 billion in
In this article MRTN Hydrogen packs a lot more punch than lithium-based batteries. India’s federal minister Nitin Gadkari (second from left) seen here launching the country’s first green hydrogen-based advanced fuel cell electric vehicle (FCEV), Toyota Mirai, at his residence in March. Hindustan Times | Hindustan Times | Getty Images The sun’s searing heat can
Mercedes-Benz’s EQE SUV mid-size electric SUV has been spied again, and this time we have video. It’s one of a handful of vehicles designed around the dedicated electric vehicle platform known as EVA, which debuted in the 2022 EQS full-size hatchback. The platform has since appeared in the 2023 EQE mid-size sedan and 2023 EQS
In March, the European market noted a high decrease in new passenger car registrations, as the already struggling car market was additionally impacted by Russia’s invasion of Ukraine. According to JATO Dynamics, some 1,116,419 new passenger cars were registered in March in 27 European markets monitored by the company. That’s 19% less than a year
BERLIN — Gas supply risks from the war in Ukraine pose a serious threat to Volkswagen’s main plant in Wolfsburg, VW Group CEO Herbert Diess said. As a consequence, VW will temporarily base its energy supply on coal-fired power plants for longer, CEO Herbert Diess said during a discussion broadcast on YouTube on Monday. VW
7:00 AM ET Has NASCAR’s D.B. Cooper been found? Here, at the start of the week when a new NASCAR Hall of Fame class will be announced, a member of the sport’s Hall of Infamy has broken a four-decade silence. “I said, ‘That straightaway is almost a mile long! How much can that car gain
Toyota Motor Corp. is inching closer to using up a key U.S. tax credit for hybrid and electric vehicles, a milestone the automaker argues will raise its costs and hinder adoption of climate-friendly cars. The law allows automakers to offer a $7,500 tax credit to buyers of fully or partly electric cars, but only up
In this article AAPL Apple CEO Tim Cook Brooks Kraft/Apple Inc/Handout via Reuters An ongoing shortage of chips and other basic materials is forcing some of the world’s biggest tech and automotive companies to scale back their targets this year. Apple CEO Tim Cook warned Thursday that the company was “not immune” to supply chain
By Maria Merano Posted on May 1, 2022 Tesla Giga Shanghai has resumed over 80% production along with several other companies, according to Chinese official Zhang Hongtao — the chief engineer of the Shanghai Economics and Information Technology Commission. China created a “whitelist” to support companies resuming production and minimize the impact of Covid along
Cariad, the Volkswagen Group’s software unit, formed a China subsidiary in Beijing to develop products tailored for Chinese consumers. The subsidiary, the first Cariad has opened outside of Europe, will create products ranging from a new unified scalable software platform, advanced driver assistance systems to automated driving and next-generation connectivity functions, VW Group’s China unit